Wednesday, April 26, 2006

It's politics, not any sort of attempt to really address the problem

People are upset about the cost of gasoline. Bush has to be seen to be doing something about it. So, he'll stop putting oil in the Strategic Petroleum Reserve, lower environmental regulations, ask Congress to roll back tax breaks to oil companies, talk about new technologies. Will this lower our cost by more than a couple of cents a gallon, which 'saving' will disappear later this summer?

Will he turn back time and not invade Iraq? Will he stop sabre-rattling re Iran? Will he upgrade fuel-economy standards, particularly for SUVs? Will he really encourage conservation by increasing the gas tax? Will he pay attention to what is happening in Nigeria, where the rebels announce price increases by e-mailing Wall Street? Will he make it less costly for us to import ethanol from Brazil? Will he investigate the possible use of shale oil here in the US?

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